Dubai Holding unit in $1.7bn deal to sell industrial packaging firm

Dubai International Capital, the private equity arm of Dubai Holding, on Monday announced that it has completed the sale of Mauser Group to New York-based private equity firm Clayton, Dubilier & Rice for around $1.7 billion.

David Smoot, chief executive officer of DIC, said: “We are extremely pleased with the outcome of the Mauser sale. This transaction demonstrated DIC’s ability to improve and grow the companies it has invested in to ultimately achieve an attractive value at the point of exit. We are now focused on continuing to enhance the value of our remaining portfolio as we prepare the companies for an eventual exit.”

Mauser is a leading producer of rigid industrial packaging and has approximately 4,400 employees and revenues of over $1.6 billion. Founded in 1896, it is headquartered in Bruehl near Cologne in Germany.

It was originally acquired by DIC in 2007 in a deal that valued it at around $1.1 billion.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Abandoned in Saudi desert camps, migrant workers won't leave without pay

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Plight of workers has alarmed their home countries and drawn...

2
Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Cash-strapped region gears up for one of its heaviest-ever periods...

Generation game: the struggle for power in the Gulf

Generation game: the struggle for power in the Gulf

The oil price decline has left a huge funding gap for the Gulf...

Most Discussed
sponsoredTracking